On February 28, Israeli Air Force fighter jets crossed thousands of kilometers of airspace to conduct a daylight precision strike on the center of Tehran, Iran's capital, drawing significant market attention. How will this conflict impact zinc concentrates? .

China is a major player in the lead and zinc industry, with significant global shares in lead and zinc ore reserves, smelting capacity, and downstream consumption. As an important non-ferrous metal sector, the sustainable, healthy, and harmonious development of the lead and zinc industry is crucial to the national economy. With the rapid development of the lead and zinc industry, production processes and technical requirements are continuously improving, and environmental protection standards are becoming increasingly stringent. The performance of related production equipment and suppliers directly impacts production efficiency, product quality, and environmental compliance. The rapid development of the lead and zinc industry is supported by high-quality equipment suppliers. As market competition intensifies, excellent suppliers can provide better solutions for lead and zinc mines and smelters, offering strong technical and hardware support to the industry. Based on this, SMM, in collaboration with an expert panel composed of industry chain enterprises, conducted expert evaluations of nominated companies. Combined with online voting results and SMM's corporate rating model scores, the final selection was made for the 2025 SMM Lead and Zinc Mine and Smelting Equipment Supplier Awards—Outstanding Contribution Award . The award ceremony was grandly held at the 2025 SMM (20th) Lead and Zinc Conference and Industry Expo . 2025 SMM Lead and Zinc Mine and Smelting Equipment Supplier Awards—Outstanding Contribution Award (the following companies are listed in no particular order) Yantai Jinpeng Mining Machinery Co., Ltd. Liming Heavy Industry Co., Ltd. Shenzhen SINOAUDE Technology Co., Ltd. Shandong Xinhai Mining Technology & Equipment Inc. Hunan Ruiyi Resources and Environment Technology Co., Ltd. Fujian Weibao Industrial Robot Co., Ltd. Hebei Changliang Engineering Technology Co., Ltd. Xinxiang Zhonglian Oxygen-Rich Side Blowing Technology Development Co., Ltd. Beijing Ruideke Pneumatic Conveying Technology Co., Ltd. Zhuzhou Torch Industrial Furnace Co., Ltd. Qingdao Hongcang Technology Co., Ltd. Xinxiang Xinfeng Head Manufacturing Co., Ltd. Gaia (Nanjing) Mining Equipment Co., Ltd. Zhekuang Heavy Industry Co., Ltd. Suzhou Du'er Oxygen Equipment Co., Ltd. Zhejiang Yicheng Environmental Protection Equipment Co., Ltd. Here, SMM congratulates the above companies and thanks all industry colleagues for their support!

【SMM Analysis: As Q1 Nears Its End, What Is the Resumption Pace of Domestic Zinc Mines?】According to SMM, the year-end and the beginning of the year are the regular maintenance and shutdown periods for domestic lead and zinc mines. Affected by holidays and maintenance, the overall production dropped to a low level by the year-end. As Q2 approaches, some mines in the north that were previously shut down have gradually resumed operations. What is the current overall resumption pace? Will the rapid rebound in both domestic and international TCs impact the production schedule of miners this year...

[SMM Analysis: Domestic Lead and Zinc Mines Gradually Resume Production - What Is the Pace of Lead Concentrates Resumption?] According to SMM, the routine winter shutdown and maintenance of domestic lead and zinc concentrates began as early as December, with concentrated maintenance mainly occurring around the Chinese New Year holiday. After the Lantern Festival, what is the pace of lead concentrates production resumption? SMM provides an analysis for you.

[SMM Analysis: Domestic Lead and Zinc Mines Gradually Resume Production - What Is the Pace of Lead Concentrates Resumption?] According to SMM, the routine winter shutdown and maintenance of domestic lead and zinc concentrates began as early as December, with concentrated maintenance mainly occurring around the Chinese New Year holiday. After the Lantern Festival, what is the pace of lead concentrates production resumption? SMM provides an analysis for you.

[SMM Analysis: Supply Eases + Window Opens, Cumulative YoY Growth of Lead Concentrate Imports Exceeds 6% in 2024] According to customs data, the import volume of lead concentrates in December 2024 was 119,700 mt, up 26.16% MoM and up 35.89% YoY. The cumulative import volume of lead concentrates in 2024 reached 1.264 million mt in metal content, up 6.57% YoY. The main import sources of lead concentrates in December were Russia, Australia, and Peru, with the total import volume from these three countries accounting for 44.5%.

[SMM Analysis: Global Lead Ore Supply on the Rise, What About Long-Term Growth?] According to SMM's understanding and preliminary estimates, the growth trend of global lead ore supply for 2024-2026 has reached a consensus. However, smelters are generally concerned about the relatively limited output growth of lead concentrates or silver-lead ores associated with polymetallic ore projects. Additionally, as new projects enter stable operation phases, the growth in lead ore supply is expected to slow relatively during 2026-2028.

[SMM Analysis: Domestic Lead and Zinc Mines Gradually Enter Regular Shutdown Period - How Will Lead Concentrate Supply Reduction and Resumption Progress?] Domestic lead and zinc concentrates have gradually entered the regular Chinese New Year shutdown and maintenance period since December, with significant differences in holiday schedules among major domestic mines. A few mines in high-latitude regions are affected by factors such as climate, geology, and transportation, leading to a multiple-fold increase in mining and processing costs. The longest shutdown and resumption preparation period can reach up to three months.

[SMM Analysis: Domestic Lead and Zinc Mines Gradually Enter Regular Shutdown Period - How Will Lead Concentrate Supply Reduction and Resumption Pace Unfold?] Domestic lead and zinc concentrates have gradually entered the regular Chinese New Year shutdown and maintenance period since December, with significant differences in holiday schedules among major domestic mines. A few mines in high-latitude regions are affected by factors such as climate, geology, and transportation, leading to a substantial increase in mining and processing costs. The longest shutdown and resumption preparation period can reach up to three months.

[SMM Weekly Review: Weekly Brief on Lead Concentrates Market (December 30, 2024 - January 3, 2025)] As the year-end approaches, the festive atmosphere overseas is strong, and trading in the lead concentrates market remains sluggish. Entering January 2025, the total inventory of lead concentrates at main ports shifted from an increase to a decrease. For imported ore supply, the self pick-up quotation for Pb60 at ports has not yet shown a positive TC.